Support Board

Date/Time: Fri, 10 May 2024 03:17:23 +0000

Post From: Does SC have a one time framing up and one time framing down indicator?

[2021-02-24 07:36:44] Link To Thread - Link To Post [Go To First Post]
SC Support Tom - Posts: 450
WRT Post #24: Taking into account Number of Ticks and Tick Size is a great idea. So I understand that : CL : Tick Size =1 Number of Ticks = 2 Ns = 2 cents NQ : Ticks Size = 4 Numbert of Ticks = 5 Ns = 5 points Am I correct ? Tick Size = 0.01 (not 1) and Number of Ticks = 2 would result in Ns = 2 cents. I do not know what CL and NQ mean. Condition for OTF(up) state entry : L[2] < L[1] AND L[1] < L // We want two successive strict clean Higher Lows See image for illustration of strict higher highs ; CL, 15 mn TPO, 2 ticks You said in Post #19 that OTF(Up) occurs in an uptrend. That does not only imply higher lows, but also higher highs. Do we not need to check for those as well? For futher evaluation of OTF(up) state, I define a threshold level : LastStrictHigherLow, noted LSHL. I will compare current Low to this threshold, as I don't want an endless downside drift each time within the Ns limit. Condition for OTF(up) state exit : LSHL=max(LSHL[1),L[1]) // LSHL is the max of previous Last Strict Higher Low and previous Higher Low LastStrictHigherLow - Ns > L // Compares last Low below previous Low minus Ns Is this how Dalton defines the exit criterion in the primary source?